Costco defends its diversity policies as other US companies scale theirs back
1. Costco opposes a shareholder proposal on assessing DEI practices' risks. 2. The proposal cites litigation and financial risks due to DEI initiatives. 3. Costco's board believes diversity fosters creativity and customer satisfaction. 4. Comparison made with companies like Walmart and Apple scaling back DEI efforts. 5. Management confidence in Costco leads to a rejection of the proposal.